[ad_1]
\n<\/p>\n
\u00a0<\/p>\n
New Delhi: India has attracted $667.4 billion in Foreign Direct Investment (FDI) from 2014 to 2024, registering an increase of 119 per cent over the preceding decade (2004-14), according to government data.This investment has come across India and 57 sectors of the country and played an important role in the development of various industries.<\/p>\n
In the last ten years, many important steps have been taken by the government to attract FDI into the country.<\/p>\n
At present, except for strategically-important sectors, most are open for 100 per cent FDI through the automatic route.<\/p>\n
According to data released by the Commerce Ministry, the manufacturing sector has received a cumulative FDI of $165 billion between 2014-2024.<\/p>\n
This has seen an increase of 69 per cent as compared to 2004-2014 which was $97.7 billion.<\/p>\n
As per the Global Trade Research Initiative report, FDI inflow worth $71 billion came to India in FY 23 and $70 billion in FY 24.<\/p>\n
Recently, Department for Promotion of Industry and Internal Trade (DPIIT) Secretary, Amardeep Bhatia said, \u201cWe are taking concrete steps to ensure that labour and skill-focussed industries receive priority, and investments through FDI reach $100 billion in coming years.\u201d<\/p>\n
Bhatia further said talks were being held with departments concerned to reduce compliances.<\/p>\n
DPIIT has identified 100 issues related to compliances that need to be addressed. This will make the process much easier than before.<\/p>\n
The government is continuously working towards improving the ease of doing business. More than 42,000 compliance requirements have been eliminated so far, which has significantly benefited the industry.<\/p>\n
The Centre is also supporting states in implementing new reforms. A scheme like Production-Linked Incentive (PLI) has received a positive response, generating employment for 9,00,000 individuals under the programme, he added.<\/p>\n<\/p><\/div>\n
[ad_2]
<\/p>\n","protected":false},"excerpt":{"rendered":"
[ad_1] \u00a0 New Delhi: India has attracted $667.4 billion in Foreign Direct Investment (FDI) from 2014 to 2024, registering an increase of 119 per cent over the preceding decade (2004-14), according to government data.This investment has come across India and 57 sectors of the country and played an important role in the development of various […]<\/p>\n","protected":false},"author":1,"featured_media":46423,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[],"class_list":["post-46422","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"jetpack_featured_media_url":"https:\/\/thenftimes.com\/wp-content\/uploads\/2024\/09\/Foreign-Direct-Investment-in-India-increased-over-100-pc-in-last-10-years.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/46422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=46422"}],"version-history":[{"count":1,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/46422\/revisions"}],"predecessor-version":[{"id":46424,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/46422\/revisions\/46424"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media\/46423"}],"wp:attachment":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=46422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=46422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=46422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}